An inner cabinet meeting, chaired by Prime Minister Costas Karamanlis, on Tuesday approved the government's updated economic program aimed to cut deficits.

The program was announced by Economy and Finance Minister George Alogoskoufis.
It includes a package of serious and important decisions taken by the government with the aim to address the country's huge fiscal problem and to ensure the strict implementation of this year's budget, Environment, Town Planning and Public Works Minister George Souflias told reporters.

Speaking to reporters, after the meeting, Development Minister Dimitris Sioufas said the Prime Minister and the inner cabinet approved the updated stability and growth program of the economy which included "unavoidable measures to support the economy without affecting the social state". The Greek minister added the measures were announced on time.

Education Minister Marietta Yiannakou said the measures were fully necessary and they would bring the country out the crisis in the next two years.

Source: Athens News Agency

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